We feel that now is the right time to buy (prequalify here).
Utah has't seen the decline that most other markets have, & has projected continued growth. We feel that Utah homes have already, or soon will, see the end of declines.
Mortgage interest rates are at all time lows: meaning lower monthly payments. These rates wont last forever, & will likely not return for some time.
In most areas of the country it is cheaper to own a 2 bedroom home than to rent one.
It is cheaper to buy a two-bedroom home than rent one in 72% of major metropolitan areas around the U.S., according to the Trulia rent vs. buy index released Monday. The real estate data firm said increased demand for rental properties is driving the cost of homeownership down nationwide.
"Since the start of the Great Recession, many former homeowners have flooded the rental market," said Pete Flint, chief executive and co-founder of Trulia. Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets.
--Christine Ricciardi, Housingwire.com, 24 Jan 2011
We helped a young couple get a $130,000 FHA loan with a monthly payment of $865. Zillow says an average monthly home rental in Utah is $950.
Utah Housing now has home financing available in conjunction with FHA that allows a homebuyer to purchase a home with no money down. Call us for details: 801-756-7434
Forclosed Properties are also at an all time high, making it easier to find a great home that doesn't break the bank.